A1345 — Increases qualified research expenses tax credit for corporation business taxpayers engaged in targeted industries; increases basic research payment tax credit; allows research tax credit to be refundable.

A1345 — Increases qualified research expenses tax credit for corporation business taxpayers engaged in targeted industries; increases basic research payment tax credit; allows research tax credit to be refundable. · Informed CitizenryThis bill amends the corporation business tax to increase research tax credits. It raises the qualified research expenses tax credit from 10 percent to 15 percent for taxpayers primarily engaged in…Open in Informed Citizenry